US Air Force Selects Harris Corporation for Hosted Payload Solutions Contract

Highlights:

Hosting government payloads on commercial spacecraft significantly reduces time, costs
Harris offers satellite matching, payload integration, testing and operations services
Company’s global teleports and Harris Trusted Enterprise Network to be offered for ground support solution

The U.S. Air Force Space and Missile Systems Center has selected Harris Corporation (NYSE:HRS) for a 5-year, $495 million multi-vendor IDIQ contract for the Hosted Payload Solutions (HoPS) program. The program will leverage commercial spacecraft to speed the implementation and reduce the cost of future government space applications.

Harris will match government payloads with commercial spacecraft and provide integration, testing, infrastructure and operations services to accommodate, launch and operate the payloads.

Initial potential HoPS candidates include NASA, NOAA, the Air Force Military Satellite Communications Systems Directorate, and the Air Force Research Laboratory. Potential missions cover a broad spectrum of applications, including scientific research, search and rescue, communications and others.

“HoPS is an ambitious undertaking that further validates the benefits of putting government payloads into space on a commercial platform,” said Bill Gattle, vice president and general manager, National Programs, Harris Government Communications Systems. “The Harris team brings broad experience in hosted payloads augmented by highly reliable, global ground teleports and communications networking infrastructure.”

The Harris HoPS team consists of more than a dozen companies recognized as leaders and innovators in space, including: ABS, AsiaSat, Airbus Defence and Space, Globalstar, GreenDart, Iridium Communications Inc., Millennium Engineering and Integration, O3b Networks, ORBCOMM, Sierra Nevada Corporation, Surrey Satellite Technology, Telesat and Thales Alenia Space.

About Harris Corporation

Harris is an international communications and information technology company serving government and commercial markets in more than 125 countries. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and about 14,000 employees – including 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems and services. Additional information about Harris Corporation is available at harris.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the expected value of the program to Harris are forward-looking and involve risks and uncertainties. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Harris Government Communications SystemsSleighton Meyer, 321-727-6514sleighton.meyer@harris.comorHarris CorporationJim Burke, 321-727-9131jim.burke@harris.com

Harris (NYSE:HRS)
Historical Stock Chart
From Mar 2024 to Apr 2024